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RE: If you hold Steem Power, you're earning STEEM automatically

in #steem6 years ago

Next year, if we did nothing else but hold our Steem Power, we'd still have the same amount of MVESTS, but the conversion rate would have changed. So we'd have 101,790,245.33448255 * 497.757017448076313 / 1,000,000 = 50,666.8 Steem Power.

That is, if we hold. How about delegations?

If we have 50,000 Steem Power and delegate all of that.

Would one still see the 666.8 extra Steem Power one year from now, or does it change if you delegate or not?

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The amount of VESTS you have does not change, even if you delegate. So the amount of Steem Power the delegated account has delegated to them would appear to go up over time. For example, some of these accounts I delegate to started out as whole round numbers, but now show more SP:

That's because the ratio of VESTS to STEEM changed since I first did the delegation. Under the hood, I delegated VESTS (not Steem Power). When I reclaim my VESTS, they will be worth more in Steem Power just the same.

Awesome reply. Thank you very much for the valuable information!

It's a great question, thanks for asking.

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